SOLD
Sold on 31 Jan 2024 for $700,000

1704/20 Rakaia Way
Docklands VIC 3008

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 80m2
Land area: 3175m2
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Property Details for 1704/20 Rakaia Way, Docklands

1704/20 Rakaia Way, Docklands is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2001. The property has a land size of 3175m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Docklands in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
80m2
Land Size
3175m2
Local Government
Melbourne
Lot/Plan
1704/PS434030

Last Listing description (November 2021)

Located on level 17 you can enjoy fabulous views overlooking Victoria Harbour and the Marina below. This FULLY FURNISHED apartment with superb modern style kitchen with quality stainless steel appliances, large bench tops and ample storage. Floor to ceiling windows compliment the generous living/dining area leading to the outdoor balcony. Two generous bedrooms (master with ensuite) both with BIR's, large main bathroom offering separate shower and bath, and a separate European style laundry. Also includes air-conditioning, two (tandem) car spaces, storage facilities and resident access to the outdoor heated pool, spa and gymnasium.

Enjoy the life by the water in NewQuay and enjoy The District's rejuvenation featuring shopping and amenities including Hoyts Cinemas, Woolworth supermarket, Dan Murphy's and restaurants. Being perfectly located in Melbourne's free tram line, Marvel Stadium and the CBD making this apartment the perfect home for the most discerning of residents.

*As per CHO directions all attendees must be fully vaccinated and their linked vaccination certificate must be sighted upon QR check-in on arrival. If you are unvaccinated please contact our office so that a separate private inspection can be scheduled for you. All Lucas Real Estate inspections are conducted in accordance with current government requirements. You must wear a face mask at all times upon arrival and during the inspection. Thank you*

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Property History for 1704/20 Rakaia Way, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$700,000
31 Jan 2024
Listed for Rent
$570/w
24 Nov 2021
  • 31 Jan 2024
    Sold for $700,000
  • 27 Oct 2021
    Listed for Rent $570 / week
  • 26 Mar 2020
    Listed for Rent $500 / week
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About Docklands 3008

The size of Docklands is approximately 2.8 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Docklands in 2011 was 5,790 people. By 2016 the population was 10,974 showing a population growth of 89.5% in the area during that time. The predominant age group in Docklands is 20-29 years. Households in Docklands are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Docklands work in a professional occupation. In 2011, 36.4% of the homes in Docklands were owner-occupied compared with 34.5% in 2016.

Docklands has 15,630 properties. Over the last 5 years, Houses in Docklands have seen a -26.83% decrease in median value, while Units have seen a -4.78% decrease. As at 30 September 2024:

  • The median value for Houses in Docklands is $1,750,400 while the median value for Units is $604,426.
  • Houses have a median rent of $650 while Units have a median rent of $650.
There are currently 72 properties listed for sale, and 43 properties listed for rent in Docklands on OnTheHouse. According to CoreLogic's data, 687 properties were sold in the past 12 months in Docklands.

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